3593: Does Remodeling Pay Off - Probably Not by Sam of Financial Samurai on Real Estate Investing

Optimal Living Daily - Personal Development and Self-Improvement

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Education, Mental Health, Self-improvement, Health & Fitness

4.6 • 3.2K Ratings

🗓️ 11 May 2025

⏱️ 15 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3593: Sam from Financial Samurai dismantles the myth that remodeling guarantees a return on investment, explaining that most renovations recoup only about 65% of their cost. He emphasizes that true profit comes from expansion, not remodeling, and encourages homeowners to remodel for personal enjoyment rather than profit, unless increasing livable square footage is the goal. Read along with the original article(s) here: https://www.financialsamurai.com/does-remodeling-pay-off-make-money/ Quotes to ponder: "Almost all property remodeling does not recoup the cost spent remodeling based on national averages." "Remodeling is a lifestyle choice with generally negative returns." "Increase the livable square footage of the home, and you increase the home’s selling price. It’s that simple." Episode references: 2023 Cost vs. Value Report by Remodeling Magazine: https://www.remodeling.hw.net/cost-vs-value/2023/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Barclay's ready-made investments. The clue's in the name. Not Barclays, where do I begin investments?
0:07.0	You can start from £50. That's why they're not difficult to get started investments either.
0:12.0	And you can choose your risk level, so they're hardly in at the deep end investments.
0:16.2	So if you've got savings and you want to help grow your money over five years or more,
0:20.3	then search
0:21.0	Barclay's ready-made investments. Make money work for you. Investing is not for everyone. The value of
0:25.9	investments can fall as well as rise and you may get back less than you invest. T's and Cs apply.
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1:37.9	This is Optimal Living Daily. Does remodeling pay off? Probably not by Sam of Financial Samurai.com.
1:46.4	And I'm Justin Mollick.
1:48.2	On Sundays, I share an extra episode from another podcast in our Optimal Network.
1:53.1	And today's comes from Optimal Finance Daily.
1:55.7	Please do follow Optimal Finance Daily wherever you're listening to this to support this show.
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